.
MergerLinks Header Logo

New Deal


Announced

Completed

Airspan Networks went public via a merger with New Beginnings Acquisition in an $822m deal.

Financials

Edit Data
Transaction Value£593m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Acquisition

United States

Merger

5G network solutions

Telecommunications Services: Other

Domestic

Reverse Takeover

Single Bidder

Friendly

Private Equity

De-SPAC

Completed

Synopsis

Edit

Airspan Networks, which provides groundbreaking, disruptive software and hardware for 5G network solutions, went public via a merger with New Beginnings Acquisition, a special purpose acquisition company, in an $822m deal. The deal involved a PIPE investment from SoftBank, Dish Network, Oak Investment Partners and NEA. "These seismic 5G industry trends play right into Airspan’s strengths. This transaction is expected to help fund our growth plans and accelerate our vision of providing our customers with leading edge 5G networks. We are at the precipice of a significant capital-intensive upgrade as 5G deployments drive the future growth of existing mobile carriers, new market entrants, and private and enterprise buildouts that we believe will transform numerous industries," Eric Stonestrom, Airspan President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US